Midstream - Transportation & Pipelines | Partnerships
Matador, San Mateo Sign Crude Transport Agreement with Plains
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MatadorResources and its JV Parnter San Mateo Midstream has signed a crude oil transport agreement with Plains All American Pipeline. The aggreement will see Plains construct a mainline extension from its current long-haul oil pipeline system located in Culberson County, Texas to a central delivery point on San Mateo's crude oil pipeline system, which is currently under construction throughout the Rustler Breaks asset area near Carlsbad, New Mexico. Matador expects construction will be complete in the second quarter or early in the third quarter of 2018.
In addition, San Mateo will be able to accept crude oil onto its system from trucks near the city of Loving, New Mexico. This crude oil trucking station will provide producers in the area whose oil is not yet connected to pipe at the wellhead a favorable option to transport oil to Midland and other end markets. The crude oil will be shipped under a Joint Tariff that will be filed with the Federal Energy Regulatory Commission (FERC) prior to the oil transportation pipeline being placed into service. San Mateo expects to benefit from Matador's activities in this area and from Plains' extensive midstream asset footprint, long-term customer relationships and outstanding reputation for oil gathering and transportation services to open up additional market opportunities while also capitalizing on San Mateo's own ability to offer services across all three production streams-oil transportation and gathering, natural gas gathering and processing and salt water gathering and disposal.
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